Definition of assignment of lease: transfer by the original tenant (the assignor) of his or her rights to a sub-tenant (the assignee) to use the leased property however, the assignor remains liable under the original lease contract.
Assignment of lease definition of assignment of lease the assignment of lease is a title document (also referring to the process itself) whereby all rights that a lessee or tenant possesses over a property are transferred to another party. The lease assignment is a document that allows a tenant to transfer their interest in a lease agreement to another individual or entity the party that is accepting the assignment will be agreeing to the terms and conditions of the lease agreement that was signed under the original tenant and will be legally liable to its commitments, terms, and/or conditions.
The terms of assignment, consent of the lessor, and acceptance by the assignee are covered in this lease assignment, including the length of the assignment, consent of the person taking over the lease, and acceptance by you, the current lease holder. A copy of the lease is attached hereto and made a part hereof by reference assignor covenants that assignor is the lawful and sole owner of the interest assigned hereunder that this interest is free.
Assignment of lease with consent of landlord this assignment of lease dated this 9th day of september, 2018 between: _____ (the assignor) of the first part - and-_____ (the assignee) of the second part background this is an agreement (the assignment) to assign a residential lease in real property according to the terms specified below. With an assignment of residential lease, you can transfer your entire interest in a lease to another party before your lease term is up, with your landlord's written permission the new tenant takes on the lease responsibilities, including rent and property maintenance, and you are released from.
Assignment of lease forms and agreements view assignment of lease forms for your state all forms are official uslegal forms.
Assignment of commercial lease this assignment of lease is made and effective _____, by and between the assignor, assignee, and landlord.